Velocity Merchant Services

Summary

As an industry leader in the bank card industry, Velocity Merchant Services (VMS) excels as a direct processor of credit and debit cards. With headquarters in Downers Grove, Illinois, Velocity Merchant Services was founded in 1998 by Dema Barakat. Velocity Merchant Services has since become one of the nation's principal providers of payment systems. A member of the Electronic Transactions Association, the U.S. Chamber of Commerce, and Women Networking in Electronic Transactions (W.net), Velocity Merchant Services serves as a registered ISO and MSP of HSBC Bank. As a full disclosure company, Velocity Merchant Services currently operates under the direction of CEO Danoush Khairkhah.

Since his arrival at Velocity Merchant Services in 2003, Danoush Khairkhah has successfully overseen the company's considerable expansion. After aggressively pursuing new employees, VMS recently tripled the size of its workspace during a move to a new Downers Grove location. In addition to serving as a direct processor for Visa, MasterCard, American Express, and Discover, Velocity Merchant Services also offers other payment options to a variety of industries. For years, retailers, restaurants, and service professionals have relied on VMS to deliver marketing strategies that can increase value, convenience, and opportunities for growth.

VMS YouTube Channel

This video explains a little bit about who we are! Meet some of our team and see if we'd be a good fit for your business. Visit us a www.getvms.com Each business is different. There's no "one size fits all" payments package for your business, which is what you'll find with a lot of other processors. At Velocity Merchant Services (VMS), we realized there was a need for custom processing solutions, and we provide that kind of individual attention to every business owner we work with. Need help? You'll speak to an experienced professional that can resolve your inquiry immediately. We truly appreciate your business, and it's OUR business to make sure that YOUR business succeeds. We deliver what others promise.

Is Your Credit Card Processor Ripping You Off?

getvms.com If your business accepts credit cards, do you know how much you're paying in processing fees? With Velocity Merchant Services (VMS), you get a processing rate that's the lowest in the nation paired with simple, easy-to-read monthly statements. Our expert team will review your statement to uncover hidden fees and save you money. Our Meet or Beat Policy promises you that if we can't save you money on your processing, we'll give you $1,000.

Skills

Skills

Credit Card Payments Processing

We proudly maintain a thousands-strong merchant portfolio and are constantly striving to help small business owners around the country save money on their credit card payments processing service.

Certifications

Certifications

Mar 2012 - Present

Certified Payments Professional (CPP)

Electronic Transactions Association (ETA)

Aug 2012 - Aug 2013

Inc. 500|5000

Inc. Magazine

2012 - 2013

Female Business Enterprise Program

CMS, State of Illinois

Velocity Merchant Services' Blog

Successful advertising now requires businesses to maintain and develop an online presence or be prepared for another company to outmatch them. Velocity Merchant Services offers its clients a Web development package that includes individual service from an experienced Web coach who will design a specially customized template-based Website to accurately portray the business's image. The company furnishes several options ranging from a plain HTML/CSS site to a full e-commerce site. Packages also include search engine optimization and social media integration. For more information about developing a Web presence, visit the company's website at www.getvms.com. About the company: President Dema Barakat, CEO Danoush Khairkhah, and their team of professionals offer more than 75 years’ combined experience in the industry. VMS specializes in supplying businesses and professional associations with credit and debit card processing, as well as gift card programs and check guarantees. The company was founded in 1998 to offer clients payment processing services that assist in business growth and development.

"Velocity Merchant Services," by Danoush Khairkhah

While banks and credit card issuers tout the convenience of paying by credit card, some of these organizations charge a significant premium for credit card transactions compared to debit card sales. Historically, bank fees for credit card sales reflected a percentage of the amount of each sale plus a transaction fee, while debit card purchases had a low, flat, per-transaction cost. Some retailers hoped to avoid the higher cost of credit card transactions by offering discounts for debit card purchases. Today, however, many business owners rely on a low-cost provider like Velocity Merchant Services to ensure low costs for both credit and debit card transactions without creating confusing, segmented pricing standards.
The credit card terminal acts much like an automatic teller machine when used to process PIN-based debit transactions. When the customer inputs his or her personal identification number, a funds transfer from the customer’s bank account to the merchant’s account is initiated. Credit card sales are processed similarly, but instead of being checked against the customer’s bank account balance, the customer’s line of credit with their issuing card’s bank is verified. If the customer is over his credit limit or late in his payments, the transaction will be declined. Once transactions have cleared, the merchant is then able to access their processing funds.
Fortunately, state-of-the-art bank card processing such as that offered by Velocity Merchant Services provides retailers with cost-effective, convenient packages for credit card, debit card and other point-of-purchase transactions. Moreover, Velocity Merchant Services assists clients with issues including regulatory payment card industry (PCI) compliance and specialized systems that promote ease of use for employees and business owners in such industries as retail, e-commerce, restaurants, hospitality, service, and health care. For more information, call Velocity Merchant Services at (888) 902-6227 or visit them online at getvms.com.

What To Consider When Choosing A Credit Card Terminal

Whether operating online or in a brick-and-mortar shop, small business owners today must consider how to choose a credit card terminal. Operating a business without a credit card terminal greatly limits a merchant’s ability to sell to customers, as more and more people today prefer plastic over cash. When choosing one, business owners should consider the following factors:
Processing technology. Phone lines and Internet lines are options; Internet lines can make transactions go more quickly but may cost more if a business is not already wired for Internet.
PIN pad availability. PIN pads allow customers to pay via debit card by keying in their 4-digit personal identification numbers. Terminals without PIN pads or integrated numerical keypads process all transactions as credit and could disallow debit card-wielding customers to run their transactions as debit, resulting in lost sales.
Printer availability. Some terminals come with printers to produce receipts. Others require the separate purchase of a printer.
Special features. Some terminals can process gift cards, add tips, process HSA/FSA/HRA cards, offer wireless connectivity, on-screen signing capability, multiple merchant accounts (an important feature for salons), and more.
About Velocity Merchant Services: Founded in 1998 by Dema Barakat, Velocity Merchant Services is a thriving provider of merchant services that guarantees its customers affordability and service. Since Velocity Merchant Services was launched, it has grown considerably and is now headquartered in a 30,000-square-foot facility in Downers Grove, Illinois.

With more and more electronic payment processingcompanies entering the market, business owners often struggle to choose the right option to handle their credit and debit card transactions. In the best case scenario, a card processing company serves as a trusted partner. The merchant account provider educates the business owner about processing fees to ensure that they understand how these fees are levied and can accurately plan for their costs of doing business. Merchants optimize their business advantages by working with a card processing company that offers sound technology and reliability at a reasonable cost. Moreover, they position their business for future growth when the provider permits its clients to add upgraded or expanded services to its existing contract. Opt-in opportunities, such as electronic check cashing and check guarantees, enable merchants to adjust their business services proactively in response to customer demand and profitability. About Velocity Merchant Services (VMS): Velocity Merchant Services provides clients the option of using most existing terminals or utilizing one of the company’s many state-of-the-art solutions. The company’s innovative technology supports access via internet protocols or analog technologies. For more information, call Velocity Merchant Services at (888) 902-6227.